Saab 2014 Annual Report Download - page 116

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FINANCIAL INFORMATION – NOTES
NOTE 38 PROVISIONS
Group
MSEK 31-12-2014 31-12-2013
Provisions that are long-term liabilities
Obligations related to regional aircraft 207 515
Expenditures for restructuring measures 58 84
Onerous contracts 223 161
Other 746 283
Total 1,234 1,043
Provisions that are current liabilities
Obligations related to regional aircraft 59 100
Expenditures for restructuring measures 53 137
Onerous contracts 103 122
Other 297 300
Total 512 659
Parent Company
MSEK 31-12-2014 31-12-2013
Obligations related to regional aircraft 217 270
Expenditures for restructuring measures 48 164
Onerous contracts 112 163
Other 261 235
Total 638 832
Obligations related to regional aircraft
MSEK Group
Parent
Company
Opening balance, 1 January 2014 615 270
Amount utilised during the year -414 -53
Translation differences and other 65 -
Closing balance, 31 December 2014 266 217
Expenditures for restructuring measures
MSEK Group
Parent
Company
Opening balance, 1 January 2014 221 164
Provisions allocated during the year 70 46
Business combinations 2 -
Amount utilised during the year -170 -149
Reversal of unutilised amount -14 -13
Reclassification 2 -
Closing balance, 31 December 2014 111 48
Onerous contracts
MSEK Group
Parent
Company
Opening balance, 1 January 2014 283 163
Provisions allocated during the year 127 62
Business combinations 77 -
Amount utilised during the year -100 -78
Reversal of unutilised amount -75 -35
Reclassification 9 -
Translation differences and other 5 -
Closing balance, 31 December 2014 326 112
Other provisions
MSEK Group
Parent
Company
Opening balance, 1 January 2014 583 235
Provisions allocated during the year 212 135
Business combinations 522 -
Amount utilised during the year -151 -87
Reversal of unutilised amount -138 -22
Translation differences and other 15 -
Closing balance, 31 December 2014 1,043 261
Total provisions
MSEK Group
Parent
Company
Opening balance, 1 January 2014 1,702 832
Provisions allocated during the year 409 243
Business combinations 601 -
Amount utilised during the year -835 -367
Reversal of unutilised amount -227 -70
Reclassification 11 -
Translation differences and other 85 -
Closing balance, 31 December 2014 1,746 638
Regional aircraft
Commitments regarding regional aircraft refer to obligations remaining after the ter-
mination of the leasing portfolio, that will be terminated during 2015.
Restructuring
Structural costs primarily relate to the costs to adapt resources and change over
costs. The expenditure is expected to fall in 2015–2016.
Onerous contracts
Provisions for onerous contracts on the closing day relate to command and control
projects, Helicopter 14 and certain other military projects. The provisions are utili-
sed in pace with the project’s completion.
Other provisions
Other provisions primarily relate to provisions for guarantees and remaining costs in
projects as well as for environmental commitments.
No provision has been made for liability risks associated with the production of civil
aircraft or the production of sub-components for civil aircraft.
Business combinations 2014 relate to ThyssenKrupp Marine Systems AB.
NOTE 39 OTHER LIABILITIES
Group
MSEK 31-12-2014 31-12-2013
Other long-term liabilities
Liabilities to previous owners and minority owners 76 113
Liabilities related to employees 46 43
Other 19 23
Total 141 179
Of which liabilities due for payment more than five years
after closing day 32 72
Other current liabilities
Value-added tax 328 165
Employee withholding taxes 226 205
Liabilities to associated companies 21 6
Other 403 463
Total 978 839
112 – SAAB ANNUAL REPORT 2014